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#5 - India's Largest Exit

The Network State Podcast

CHAPTER

Amazon's Acquisition of JD.com

Walmart had tried retail along with a partner before, so Walmart did have history in India. But McDonald's and other things are allowed to operate. Retail is not... I see. Why? Like random regulation, is there any logic to that? Yeah, I don't know. Food was very small. Organized food industry was very, very small. Because people didn't eat out. Restaurant culture is actually relatively new in the US, so it's probably very low there. So then we were in discussions with Walmart. And Walmart had in China also done an investment into JD.com. And they were looking in India to do a similar sort of strategy. They started talking to us

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